Articles by Illana Melzer
Rising Star or Red Flag?: South Africa’s financial inclusion growth raises questions for the entire industry
South Africa placed second in a recent Brookings Institute study comparing financial inclusion in 21 developing countries – surpassed only by Kenya. But though this has led to celebration in some quarters, there’s a troubling aspect to these findings. Illana Melzer argues that the risks of burgeoning financial access and usage are too significant for beneficiaries, development organizations and donors to ignore.
The Dark Side of Financial Inclusion: Financial services companies in South Africa are monetizing financial illiteracy
The recently released findings of the 2013 FinScope survey highlight a significant increase in adoption of formal financial products in South Africa. On the face of it, this is good news - access to these products can help people live more financially secure and sustainable lives. But a closer look at the data reveals a more disturbing picture.